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National Business
National Business
Canfor to close sawmill, curtail pulp production citing B.C. policy changes
VANCOUVER — Canfor has announced it is permanently closing its Polar sawmill in Bear Lake, B.C., shutting a production line at its Northwood Pulp Mill in Prince George, and suspending its "planned reinvestment" in Houston, B.C.
May 9, 2024 5:49 PM
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Committee calls for B.C. taxi, ride-hailing industry to improve disabled access
VICTORIA — A B.C. legislature committee looking into taxi and ride-hailing services has issued recommendations, including measures to improve accessibility for people with disabilities and services in small and rural communities.
May 9, 2024 3:05 PM
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Alberta Utilities Commission fines another unlicensed power generator mining bitcoin
EDMONTON — The Alberta Utilities Commission has fined another company for operating an electricity generator without a licence — using the power, like other offenders, to operate bitcoin mines.
May 9, 2024 2:54 PM
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Tourism workers union questions New Brunswick minister's European trip
FREDERICTON — The union representing staff in New Brunswick's Tourism Department says money spent by the tourism minister and her deputy on a European trip could have helped stave off staffing cuts at popular attractions in the province.
May 9, 2024 2:41 PM
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Sun Life reports first-quarter net income of $875 million
TORONTO — Sun Life Financial Inc. says it had a net income of $875 million in its first quarter, a two per cent decline from last year. The insurer says profits were affected by its U.S.
May 9, 2024 2:33 PM
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Cineplex is betting on arcades as industry box office sales sag
The head of Cineplex Inc. is doubling down on video arcades as he looks to top up revenues amid the unsteady return of audiences to theatres. Box office revenue at the country's largest cinema owner rose one per cent year over year to $125.
May 9, 2024 2:32 PM
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Pathways Alliance names former MEG Energy CEO Derek Evans as executive chair
CALGARY — Pathways Alliance says former MEG Energy president and CEO Derek Evans is its new executive chair.
May 9, 2024 2:29 PM
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Pembina Pipeline Corp. sees earnings rise to $439 million in first quarter
CALGARY — Pembina Pipeline Corp. says it earned $439 million in the first quarter, up from $369 million a year earlier. The Calgary-based company says its revenue for the quarter ended March 31 was $1.54 billion, down from $1.
May 9, 2024 2:17 PM
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Nutrien CEO encouraged by strong demand and fertilizer market stabilization
Improved mine automation helped fertilizer giant Nutrien Ltd. increase potash production in the first quarter amid strong demand for its products, the company’s chief executive said.
May 9, 2024 1:53 PM
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Business groups walk back claim on share of Canadians hit by capital gains changes
OTTAWA — Prominent business groups have backtracked their claim that one in five Canadians would be affected by the federal government's proposed changes to capital gains taxation.
May 9, 2024 1:53 PM
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